Chinese demand continues to reshape global markets, pushing up steel prices – Diode Laser System KS3-11312-K6xD08M-xxxW
Expects China's continued high demand for steel will be the impact of unprecedented intensity of the pattern of the steel industry.
Is already the world's largest steel producer in China's steel production this year is expected to grow by nearly 10%. However, even if the increase in production is not likely to exceed demand growth, the worldwide steel, steel-making raw materials as well as coal prices will be rising in tandem.
Zengyin the global economic slowdown and closed dozens of factories and cut production of iron and steel enterprises are now rebuilding from the roots. China's largest sellers of iron ore, Rio Tinto Ltd. (RioTinto) now restart production. Iron ore is the key steelmaking raw materials. The world's largest steel company Arcelor Mittal (ArcelorMittal), and China's largest steelmaker Baosteel Group Co., Ltd. (BaosteelGroupCorp.) have increased the price. China is also trying to integrate scattered and lack of planning domestic steel industry, with a view to sale and purchase of raw materials prices in negotiations which could give a unified and powerful voice. Its central idea is to make better use of China's huge demand for raw materials in China, from the refrigerator production to the construction of the bridge is not the same as Li Dekai these raw products.
China is expected this year's steel production will reach a record 600 million tons, accounting for nearly half of global output. The world's second largest steel-producing countries Japan's output was only one-sixth of China. Last year, global steel production in Russia and the United States ranked third and fourth, respectively.
Flexibility in the Chinese market last year, became a lasting mining and iron and steel companies in front of a ray of hope in the layoffs, closure of mines, production and capital spending, as well as commodity prices dive in front of their extremely tough day. Moreover, China and India will become the guidelines for the future direction of the lighthouse, though the latter's influence is smaller.
Although other economies have also started strong, but their growth potential as much as China, this is what makes the development of the Chinese market becomes critical. Served in the steel industry consulting firm MEPSInternationalLtd.'s Economist Peter Fish (PeterFish) said that China's steel output and demand is expected to continue its strong gains.
This will give all the metals and mining enterprises good news.
Now about 110 U.S. dollars per ton of iron ore spot prices are moving towards a record price of more than a year before the peak rise. Since the Chinese for fear of environmental problems has been to limit coal production, steel and power generation enterprises of coal prices have risen more than 30%, copper, aluminum and zinc prices have risen accordingly.
JP Morgan Cazenove (JPMorganCazenove) analyst at Butler (DavidButler) said that the recovery of all commodities have exceeded expectations.
The various ports in Australia renewed crowded scene, and coal ship at sea long line, waiting for loading and unloading.
Rio Tinto (RioTinto) spokesman for the Volcker (RobinWalker) said that Rio Tinto's economists are being revised in August on China's demand has been forecast, revised data may show that the Chinese demand growth strengthened. Rio Tinto iron ore sales to China is the biggest seller, and selling large quantities of coal.
The world's largest mining company BHP Billiton (BHPBilliton), Rio Tinto, the Australian iron ore miner FortescueMetalsGroupLtd. And Brazilian mining giant Vale do Rio Doce (Vale) is increasing iron ore production from time to time to increase coal production to meet anticipated demand growth in China .
China's steel industry leader Baosteel, said last week that the buyer, from February onwards steel prices increased by 5%, which is the third time in three months steel prices.
Iron and Steel Research analyst MARI Applebaum (MichelleApplebaum) said that as the prices established in January down, we expect China and Europe and the United States will be a further price rises. China's steel demand is very great steel manufacturers and their customers as competition for materials, rising raw material costs are pushing inflation in the region.
Large-scale government stimulus package and infrastructure development project (including the East China railway, roads and bridges, as well as the west in general construction of buildings and factories) to vigorously promote the demand. China Iron and Steel Industry Association said the vast majority of steel production will be digested in the country.
Last year, different products for different countries, exports dropped by 10% -50%, and that for Arcelor Mittal (ArcelorMittal), chief executive of Mittal (LakshmiMittal) is indeed good news. Mittal said that last fall, Chinese steel makers fairly self-discipline, there is no dumping of steel to foreign markets, thus helping the world's steel makers raise the price.
For ArcelorMittal and other steel makers, the downside is that raw material prices are likely to rise, because these companies to compete with the Chinese steel makers such as coal and iron ore raw materials.
This week, Australia and China signed a scale of 30 billion acquisition of coal enterprises, which is Australia's mining history of the Chinese companies the most generous. Yanzhou Coal Mining Company Limited (YanzhouCoalMiningCo.) acquisition of Australian coal company FelixResourcesLtd.'s Transaction may be more acquisitions this year to open the door.
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this article is pure propaganda designed to push up prices.